ADVFN - Advanced Financial Network.
HOME» NYSE » W » WFC Stock Price » WFC Stock News

Wells Fargo Share News

 Wells Fargo & Co. (new) Stock Price
WFC Stock Price
 Wells Fargo & Co. (new) Stock Chart
WFC Stock Chart
 Wells Fargo & Co. (new) Stock News
WFC Stock News
 Wells Fargo & Co. (new) Company Information
WFC Company Information
 Wells Fargo & Co. (new) Stock Trades
WFC Stock Trades

U.S. Court Rules for Big Banks in ATM-Fee Case

WASHINGTON--A U.S. appeals court Thursday ruled in favor of major banks that charge ATM fees to cardholders who withdraw money from machines owned by other banks. The 9th U.S. Circuit Court of Appeals, ruling in a case filed in July 2004, accusing Bank of America Corp. (BAC), Wells Fargo & Co. (WFC), J.P. Morgan Chase & Co. (JPM) Citigroup Inc. (C) and other banks with fixing those fees. The court, however, found consumers who contested those fees did not have legal standing to do so. The court, in a ruling by Judge N. R. Smith, found that a fee that banks charge each other for such transactions was not directly passed on to customers. The plaintiffs in the case "concede that they have never directly paid" the fees in question, Smith wrote, in an opinion that upheld a lower court's ruling that the consumers filing the lawsuit paid the fees indirectly and did not have standing to challenge the fees. Last October several independent ATM operators and consumers sued Visa Inc. (V), MasterCard Inc. (MA), Bank of America Corp. (BAC), J.P. Morgan Chase & Co. (JPM) and Wells Fargo & Co. (WFC) in federal court over ATM fee policies. They argue that Visa and MasterCard rules requiring ATM operators to charge the same amount of fees regardless of which processing network handles a transaction has stifled competition among ATM operators and raised costs for consumers. A hearing on the defendants' motions to dismiss the suits is scheduled for September, according to court filings. Write to Alan Zibel at alan.zibel@dowjones.com

Stock News for Wells Fargo (WFC)
DateTimeHeadline
07/23/201603:03:00Consumer Bet Gets Riskier -- WSJ
07/22/201617:42:00Banks' Bet on Consumers is Getting Riskier
07/22/201610:36:16Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/22/201603:02:00In Amazon Shopping Cart: Loans -- WSJ
07/21/201611:45:01Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/21/201611:14:33Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/21/201606:00:00Wells Fargo and Amazon Team Together for New Student Offering
07/21/201605:59:00Amazon Tip-Toes Into Banking Business
07/20/201613:17:55Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/20/201609:06:00CORRECTING and REPLACING Wells Fargo and NCR Collaborate to Drive...
07/20/201608:00:00Wells Fargo and NCR Collaborate to Drive Retail Banking Innovation
07/20/201606:03:32Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/19/201613:21:41Statement of Changes in Beneficial Ownership (4)
07/19/201612:26:56Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/19/201609:00:00Wells Fargo/Gallup Survey: Investors Curious About Digital Investing...
07/18/201617:07:24Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/18/201610:57:03Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/18/201610:55:00Wells Fargo Middle Market Commercial Banking Expands Chicago...
07/18/201610:42:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/18/201609:59:00Wells Fargo Buys New HQ in London Financial District -- Update

Wells Fargo and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad